Latest Cyber Headlines
All the headlines from our Cyber Topic Page, ordered by recency.
MOVEit Cyber Attack Hits UK Printing Firm Used by Insurers, Brokers and Banks
Jun 15 2023 // A UK printing firm that sends mail for clients ranging from major health-insurance providers to multinational banks was a victim of the extensive MOVEit cyberattack. Adare SEC confirmed to Bloomberg News on Monday that it...
People Moves: Guy Carpenter Expands Cyber Team
Jun 14 2023 // Guy Carpenter has appointed Matthew McCabe as managing director of cyber broking, based in New York. McCabe rejoins Marsh McLennan from Kivu Consulting, where he was general counsel and risk officer. Previously, he was a...
Cyber Insurance Premiums Surge by 50% as Ransomware Attacks Increase
Jun 14 2023 // US cyber insurance premiums surged 50% in 2022 as increased ransomware attacks and online commerce drove demand for coverage. Premiums collected from policies written by insurers reached $7.2 billion in 2022 and tripled in...
North Korean Hackers Stole $100 Million in Recent Cryptocurrency Heist: Analysts
Jun 14 2023 // North Korean hackers stole more than $100 million worth of digital currency in a recent heist affecting users of the Atomic Wallet service, cryptocurrency analytics firm Elliptic said Tuesday. In a blog post, Elliptic said...
People Moves: Guy Carpenter Expands Cyber Team With Key Appointments; Aspen Appoints AXA XL’s Welch as Chief Underwriting Officer, Reinsurance
Jun 13 2023 // This edition of International People Moves details appointments at Guy Carpenter and Aspen Insurance Holdings. A summary of these new hires follows here. Guy Carpenter Expands Cyber Team With Key Appointments to Global...
UK Communications Regulator Ofcom Says Hackers Stole Confidential Data
Jun 13 2023 // The hackers responsible for the MOVEit cyberattack downloaded confidential information from UK communications regulator Ofcom about companies it regulates, as well as its own employees — adding to a string of victims...
War in Ukraine Prompts Hike in Cyber Attacks on German Businesses
Jun 12 2023 // More than one in 10 German companies were the victim of a cyberattack last year, according to a new study, with the war in Ukraine prompting a steep increase in hacking in Europe’s largest economy. In a survey...
New Jersey’s Montclair Township Cyber Attack Reported on Election Day
Jun 9 2023 // Montclair Township in New Jersey has been hit by a cyber attack, Mayor Sean Spiller reported on June 6. The town was holding a municipal election on June 6. According to the mayor, the attack did not disrupt any voting...
Russia-Linked Hackers Give Victims a Week to Open Ransom Negotiations
Jun 8 2023 // A Russian-speaking criminal cyber gang gave victims including British Airways and the BBC a week to start ransom negotiations after it exploited a vulnerability in an encrypted file-sharing software used by many...
BA, BBC and Boots Caught Up in File Transfer Hack
Jun 6 2023 // Tens of thousands of employees of British Airways, the UK drugstore chain Boots and Britain’s BBC were among those whose personal data was exposed following a wide-ranging breach centered on a popular file transfer...
Tokio Marine Kiln Sets Up Cyber & Enterprise Risk Division
Jun 5 2023 // Specialist insurer Tokio Marine Kiln (TMK) has established a standalone Cyber & Enterprise Risk division as part of its effort to expand its presence in the cyber market. Led by Laila Khudairi, the Cyber &...
Russia Accuses U.S. Intelligence of Hacking Thousands of iPhones
Jun 5 2023 // Russia’s main security service accused a US intelligence agency of hacking several thousand iPhones, including devices belonging to Russian nationals and others linked to diplomatic missions and embassies in the...
South Carolina DOI Issues Data Call on Why Liquor, Cyber Liability Costs Are Soaring
Jun 5 2023 // Two Southeastern insurance regulators have posted new information about liability insurance data and catastrophe claims reporting. The Florida Office of Insurance Regulation last week posted the 2023 catastrophe reporting...
Hackers Use Flaw in Popular File Transfer Tool to Steal Data, Researchers Say
Jun 5 2023 // Hackers have stolen data from the systems of a number of users of the popular file transfer tool MOVEit Transfer, U.S. security researchers said on Thursday, one day after the maker of the software disclosed that a...
Consistent Policy Wording Bringing Some Relief to Evolving Cyber Market
Jun 5 2023 // Consistency within cyber insurance policies is something the industry has been grappling with for nearly a decade, according to speakers at the annual RIMS Riskworld conference, held this year in Atlanta, but the industry...
Ransomware Attack on Bioscience Firm Exposes Clinical Test Data on 2.5M People
Jun 1 2023 // The New York-based biotech and life sciences company Enzo Biochem reported it was hit by a ransomware attack on April 6. The company has since reported that clinical test information of approximately 2,470,000 individuals...
U.S. Warns China Could Hack Infrastructure, Including Pipelines, Rail Systems
May 31 2023 // The U.S. State Department has warned that China was capable of launching cyber attacks against critical infrastructure, including oil and gas pipelines and rail systems, after researchers discovered a Chinese hacking group...
Suspected State-Backed Hackers Hit Series of New Targets in Europe, SE Asia
May 31 2023 // A hacking group suspected of ties to an Asian government has broadened its targets to government agencies in countries including Indonesia and Thailand, carrying out cyber-espionage as recently as April, cybersecurity firm...
Cyber Insurance: A Growth Market for Insurers With Some Caveats
May 31 2023 // As demand for cyber insurance continues to grow, insurers must remain vigilant in managing the changing risk associated with the line of coverage. According to today’s DBRS Morningstar’s commentary on the...
Cyber Insurance Attorney Charged With Serial Rape, Kidnapping 15 Years Ago
May 31 2023 // The Federal Bureau of Investigation and Boston Police reported they have arrested a cyber insurance attorney in connection with a series of sexual assaults and kidnappings in the Boston area about 15 years ago. At a press...
